Equitas Small Finance Bank Ltd

Equitas Small Finance Bank has appointed Manish Agrawal as President-Finance with effect from 03 November 2025. He has been designated as a Senior Management Personnel of the Bank. Powered by Capital Market - Live

The frontline indices pared early losses and traded with minor gains in the mid-morning trade amid positive global cues and encouraging domestic economic data. Investors' sentiment remained upbeat on the back of corporate earnings and auto sales data. The Nifty traded above the 25,700 level. Realty shares advanced after declining in the past trading session. At 11:30 IST, the barometer index, the S&P BSE Sensex, advanced 22.64 points or 0.03% to 83,973.12. The Nifty 50 index added 25.45 points or 0.10% to 25,745.25. The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index rose 0.35%, while the S&P BSE Small-Cap index advanced 0.58%. The market breadth was positive. On the BSE, 2,171 shares rose and 1,756 shares fell. A total of 257 shares were unchanged. Economy: The seasonally adjusted HSBC India Manufacturing Purchasing Managers' Index (PMI) was up from 57.7 in September to 59.2 in October, indicating a quicker improvement in the health of the sector. Manufacturing sector conditions in India continued to strengthen in October, buoyed by GST (Goods and Services Tax) relief, productivity gains and tech investment. IPO Update: Lenskart Solutions received bids for 14,71,66,686 shares as against 9,97,61,257 shares on offer, according to stock exchange data at 11:20 IST on Monday (3 November 2025). The issue was subscribed 1.48 times. The issue opened for bidding on 31 October 2025 and it will close on 4 November 2025. The price band of the IPO is fixed between Rs 382 and 402 per share. Studds Accessories received bids for 5,97,15,425 shares as against 54,50,284 shares on offer, according to stock exchange data at 11:20 IST on Monday (3 November 2025). The issue was subscribed 10.96 times. The issue opened for bidding on 30 October 2025 and it will close on 3 November 2025. The price band of the IPO is fixed between Rs 557 and 585 per share. Buzzing Index: The Nifty Realty index advanced 1.90% to 965.60. The index fell 0.35% in the past trading session. Phoenix Mills (up 2.57%), DLF (up 2.53%), Lodha Developers (up 2.28%), Brigade Enterprises (up 1.94%), Prestige Estates Projects (up 1.44%), SignatureGlobal India (up 1.33%), Oberoi Realty (up 1.28%), Godrej Properties (up 0.96%), Sobha (up 0.79%) advanced. Stocks in Spotlight: Equitas Small Finance Bank jumped 6.46% after the lender reported a sharp recovery in profitability for the September 2025 quarter. VST Tillers Tractors added 2.16% after the company reported an 89.36% increase in total sales to 4,664 units in October 2025, up from 2,463 units sold in October 2024. Global Markets: Asiamn markets advanced on Monday as investors digested fresh manufacturing data from China and awaited central bank cues, while Japan's markets remained closed for a public holiday. China's manufacturing momentum softened, with RatingDog's October Purchasing Managers' Index (PMI) coming in at 50.6 ' below both expectations of 50.9 and September's 51.2 reading. Official data from the National Bureau of Statistics released Friday also indicated a slowdown, with the manufacturing PMI slipping to 49.0, its weakest level in six months. Meanwhile, the Reserve Bank of Australia began its two-day policy meeting, where it is widely expected to keep rates unchanged after third-quarter inflation came in hotter than anticipated. On Wall Street, all three major U.S. indexes closed higher Friday, led by tech gains. The Nasdaq Composite rose 0.61% to 23,724.96, the S&P 500 added 0.26% to 6,840.20, and the Dow Jones Industrial Average edged up 0.09% to 47,562.87. Amazon shares surged 9.6% after the company reported a 20% jump in cloud-computing revenue for the third quarter. The streaming giant Netflix added 2.7% after the company announced a 10-for-1 stock split.Powered by Capital Market - Live

The bank posted a profit after tax (PAT) of Rs 24 crore in Q2 FY26, up 87% year-on-year from Rs 13 crore in Q2 FY25, marking a strong turnaround from a loss of Rs 224 crore in Q1 FY26. Net income fell 3% YoY to Rs 998 crore, compared with Rs 1,031 crore in Q2 FY25, and declined 7% sequentially from Rs 1,072 crore in Q1 FY26. Pre-tax profit (PBT), however, jumped 63% YoY to Rs 34 crore, reversing a loss of Rs 297 crore in Q1 FY26. The bank's total operating expenditure rose 11% YoY to Rs 757 crore, remaining flat sequentially. Employee costs increased 18% YoY to Rs 474 crore, while operating expenses were up 2% YoY to Rs 283 crore. PBT before provision and write-offs stood at Rs 241 crore, down 31% YoY and 24% QoQ, impacted by higher operating costs. However, credit cost dropped sharply to Rs 207 crore, improving 66% QoQ from Rs 612 crore in Q1 FY26, and 37% YoY from Rs 330 crore. On the business front, gross advances grew by 4% QoQ & 9% YoY supported by increase in disbursements, particularly MFI. Disbursements in MFI grew by 156% QoQ. The non-microfinance book expanded 17% YoY, supported by 17% growth in small business loans (SBL), which crossed Rs 17,000 crore. The used car advances portfolio grew 43% YoY to Rs 2,100 crore, while used commercial vehicle loans rose 25% YoY to Rs 5,000 crore. Overall deposits grew by 11% YoY & flat QoQ. The CASA ratio remained stable at 31%, while retail term deposits rose 11% YoY to Rs 19,272 crore. The cost-to-income ratio stood at 75.9% in Q2 FY26, higher than 70.6% in Q1 FY26 and 66.1% in Q2 FY25. Asset quality remained stable, with gross NPA steady at 2.82% and net NPA at 0.95%, similar to Q1 levels. The credit cost ratio improved sharply to 2.16%, compared to 6.48% in Q1 FY26 and 3.72% in Q2 FY25. Net Slippages improved by about 1% QoQ to 3.78% in Q2FY26 as compared to 4.77% in Q1FY26. The bank reported a net worth of Rs 5,858 crore, and capital adequacy ratio (CRAR) of 20.74%, comprising Tier I capital at 16.44% and Tier II at 4.30%, well above regulatory requirements. Liquidity remained robust, with the Liquidity Coverage Ratio (LCR) at 184.4%. Treasury & PSLC fee income for the quarter stood at Rs 34 crore, down 27% YoY and down 72% QoQ. The bank's certificate of deposit (CD) programme continued to hold the highest rating of A1+ from India Ratings, CareEdge, and CRISIL. Equitas Small Finance Bank is one of the largest small finance banks in India. Powered by Capital Market - Live

Net profit of Equitas Small Finance Bank rose 87.42% to Rs 24.14 crore in the quarter ended September 2025 as against Rs 12.88 crore during the previous quarter ended September 2024. Total Operating Income rose 4.02% to Rs 1617.35 crore in the quarter ended September 2025 as against Rs 1554.87 crore during the previous quarter ended September 2024. ParticularsQuarter EndedSep. 2025Sep. 2024% Var. Total Operating Income1617.351554.87 4 OPM %40.0834.32 - PBDT33.5420.06 67 PBT33.5420.06 67 NP24.1412.88 87 Powered by Capital Market - Live

Equitas Small Finance Bank will hold a meeting of the Board of Directors of the Company on 31 October 2025.Powered by Capital Market - Live

Equitas Small Finance Bank has allotted 11,501 equity shares under ESOP on 08 October 2025. The paid-up share capital of the Bank accordingly increases from Rs.11,40,50,42,180/- to Rs.11,40,51,57,190/-Powered by Capital Market - Live

Equitas Small Finance Bank (ESFB) today announced the launch of its Digital Personal Loan offering, designed for salaried professionals. With the festive season witnessing a surge in demand for credit, the bank is enabling customers to access instant, paperless personal loans at competitive interest rates starting from 10.49% p.a., with a nominal 1% processing fee. The new offering ensures a seamless, transparent, and fully digital borrowing experience'X empowering its customers to apply on-line and receive in-principle approval on real time basis. Key highlights of Equitas Digital Personal Loan: 'h 100% online application with real time in-principle approval based on credit profile 'h Exclusive for salaried professionals with net take home pay of ₹40,000 and above 'h Available for applicants with a credit score of 730 and above. 'h Loan amount starting from ₹2 lakhs, with flexible tenures up to 5 years. 'h Attractive interest rates starting from 10.49% p.a. Powered by Capital Market - Live

Concurrently, the agency has reaffirmed the bank's short-term rating at 'CARE A1+'. CARE Ratings stated that the rating reaffirmation to debt instruments of Equitas Small Finance Bank (Equitas) factors in long track record of operations with diversified asset classes, comfortable capitalisation levels, and an adequate liquidity profile. Ratings take note of improvement in its deposit franchise, where credit to deposit ratio significantly improved to 78.28% as on 30 June 2025, from 85.08% as on 30 June 2024. However, ratings strengths are partially offset by regionally concentrated business, and moderate asset quality due to marginal credit profiles of borrowers. Ratings also consider deterioration in profitability due to increased credit costs as the bank made higher-than-required provisioning on its portfolio in microfinance and small business loans portfolio, which has been witnessing stress in Q4FY25 and Q1FY26. While the bank expects improvement in business performance in H2FY26, its ability to improve its collections, maintain asset quality and improve profitability remains a key monitorable. The bank has been reducing the proportion of its microfinance advances to total advances which reduced to 9% as on 30 June 2025, compared to 12% as on 31 March 2025. The bank has been making write-offs and additional provisioning to maintain gross non-performing assets (GNPA) ratio below 3% and net NPA (NNPA) ratio below 1% to meet the criteria laid by Reserve Bank of India (RBI) for small finance banks (SFBs) to get Universal Bank license. As a result, the bank's return on total assets (ROTA) declined to 0.30% in FY25 from 2.00% in FY24. In Q1 FY26, the bank reported losses following change in bank's provisioning policy resulting in higher provisioning and one-time management overlay provision on the microfinance portfolio. Equitas Small Finance Bank (ESFB) is a Chennai-headquartered small finance bank (SFB), which commenced its banking operations on 05 September 2016. ESFB is currently focussed on the retail banking business with focus on microfinance (MF), vehicle finance (VF), housing finance (HF), business loans, loan-against-property (LAP), and providing financing solutions for individuals and MSEs that are underserved by formal financing channels while providing a comprehensive banking and digital platform for all. As on 30 June 2025, the bank had a network of 1,035 banking outlets, with deposits of Rs 44,379 crore and gross advances of Rs 37,610 crore. The scrip rose 0.09% to currently trade at Rs 55.00 on the BSE. Powered by Capital Market - Live

Net loss of Equitas Small Finance Bank reported to Rs 223.76 crore in the quarter ended June 2025 as against net profit of Rs 25.76 crore during the previous quarter ended June 2024. Total Operating Income rose 9.85% to Rs 1648.86 crore in the quarter ended June 2025 as against Rs 1500.95 crore during the previous quarter ended June 2024. ParticularsQuarter EndedJun. 2025Jun. 2024% Var. Total Operating Income1648.861500.95 10 OPM %16.6135.08 - PBDT-297.4835.76 PL PBT-297.4835.76 PL NP-223.7625.76 PL Powered by Capital Market - Live

Equitas Small Finance Bank will hold a meeting of the Board of Directors of the Company on 8 August 2025.Powered by Capital Market - Live